There is a vast amount of information available on reverse mortgages. When making a decision as big as this one, it is no wonder that many people do their homework. Researching reverse mortgages is good preparation for a required HECM counseling appointment.  FHA funds housing counseling agencies nationwide to provide borrowers with information on reverse mortgages through face-to-face or telephone sessions.

HECM counseling covers a range of topics that could affect your decision on whether or not a reverse mortgage is for you. Counseling sessions include discussions on how a reverse mortgage can impact your eligibility for federal and state programs, income tax consequences, impacts on your estate, what types of payments you will be making to other parties and most notably; the other options available to you. 

The most important thing that a HUD approved counselor can provide you with is unbiased information on whether or not a reverse mortgage is the right decision for you. The whole purpose of counseling is to educate and empower you in making the correct decision for your financial situation.  To find a HECM counselor near you call me at 414-303-7944.

 
Post is included in group: Milwaukee
Post is included in group: Mortgage Bankers
Post is included in group: Mortgages
Post is included in group: Reverse Mortgages

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Rick Kellow FHA & Reverse Mortgage Expert

West Bend, WI

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Cherry Creek Mortgage

Address: 1725 Cedar Ridge Drive, Slinger, WI, 53086

Office Phone: (262) 384-4417

Cell Phone: (414) 303-7944

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